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.... By contrast, the typical asking price in the central borough of Southwark leapt more than 9% from £618,000 to £676,000 between August and September . Roger Collings, a branch manager at the estate agent RE/MAX specialising in Pimlico, Westminster, Mayfair and surrounding areas, said: “Since the introduction of the 3% surcharge on stamp duty paid by investors, along with the uncertainty as to how Brexit will impact London’s property market, investors have been standing on the sidelines. ... [Read full article on Guardian ]
Sunday 17th of September 2017 11:01:53 PM
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Latest Finance News related to Stamp Duty

Asking prices for London homes record biggest falls this decade image
Source : Guardian [Read Article] Sunday 17th of September 2017 11:01:53 PM
.... By contrast, the typical asking price in the central borough of Southwark leapt more than 9% from £618,000 to £676,000 between August and September . Roger Collings, a branch manager at the estate agent RE/MAX specialising in Pimlico, Westminster, Mayfair and surrounding areas, said: “Since the introduction of the 3% surcharge on stamp duty paid by investors, along with the uncertainty as to how Brexit will impact London’s property market, investors have been standing on the sidelines. ...
When is the right time to buy a property? image
Source : Guardian [Read Article] Monday 11th of September 2017 01:45:29 PM
.... The capital growth on my investments far exceeds my monthly rental payments. If I were to purchase a house or flat it would be something in the range of £350,000-£400,000, so stamp duty would be in the region of £8,000. ...
House price map reveals the surprising areas growing fastest in Britain image
Source : Daily Express [Read Article] Friday 8th of September 2017 01:38:00 PM
....It comes as transaction levels in the capital and South East remain subdued. Falls in transaction volumes in London seem to have stabilised but remain significantly below pre- stamp duty change levels, according to Rics data. ...
Autumn Budget 2017 Date & Predictions: Stamp duty & pensions could be hit by Hammond image
....The speech will likely be at lunchtime after Prime Minister's questions on a Wednesday. It's thought stamp duty could be set for a shake-up in the Budget, alongside key pension changes. ...
Value of classic cars and fine art plunges as photographs soar image
Source : Guardian [Read Article] Monday 4th of September 2017 04:54:15 PM
.... Coutts defines billionaire property as houses that sell for more than £10m. “Billionaire property prices grew rapidly from 2008 to 2012, increasing nearly 40%, but have since risen less than 6% and increased less than 2% last year,” said Coutts, partly blaming stamp duty and Brexit for price falls in London. ...
House prices to stay strong as cheap mortgage rates help lending hit nine-year high  image
Source : Daily Express [Read Article] Wednesday 30th of August 2017 02:57:00 PM
....First time buyers could be behind the new loans, as low interest rates deals remain readily available, experts said. People taking the first step on the property ladder have also been able to fill a gap left by landlords and second-home investors who, since last year, have to pay extra stamp duty on purchases. ...
​Some might pray for a house price crash, but be careful what you wish for | Patrick Collinson image
....None of this is meant to defend a status quo of house prices at 10 times local incomes in many locations, particularly in the south. The good news is that government policy is no longer wedded to pumping up prices; the stamp duty hikes have taken the froth off the top end of the property market, while buy-to-let tax increases mean landlords can no longer so easily elbow aside first-time buyers. ...
House prices tumble as stamp duty hits record high  image
Source : Daily Express [Read Article] Tuesday 29th of August 2017 12:59:00 PM
.... The average house price in Britain is now at a three-month low of £210,495, after falling from £211,671 in August. It comes as HMRC stamp duty revenues have reached record highs of £12. ...
House price fall renews concern over cooling UK economy image
Source : Guardian [Read Article] Tuesday 29th of August 2017 07:15:43 AM
.... It says house prices across the country are still 12% above their 2007 peak. After increases in stamp duty in spring 2016, revenues from the tax have reached all-time high highs, rising to £12. ...
Slowdown in London house price growth ebbs as Bristol sees steep fall image
Source : Guardian [Read Article] Thursday 24th of August 2017 11:01:33 PM
....Paul Lynam, chief executive of Secure Trust Bank, said: “Central London remains soft albeit prices appear to be stabilising. The upper end of the market is devoid of volume and this must be costing the Treasury in terms of revenue forgone from stamp duty. ...
First-time buyers on the rise as tax charges deter buy-to-let investors image
Source : Daily Express [Read Article] Wednesday 23rd of August 2017 09:35:00 AM
.... . Buy-to-let has dipped due to rising stamp duty and reduced mortgage relief. ...
Is your house in a British boom town? Best price growth revealed as values rocket £85k image
.... . Last spring there was a stampede of buyers rushing to snap up property before stamp duty was increased for second homes, including buy-to-let. ...
Second-home ownership up 30% since 2000, research finds image
Source : Guardian [Read Article] Saturday 19th of August 2017 03:54:34 PM
....”. Last year, the then chancellor, George Osborne, imposed a sharp rise in stamp duty for those buying second homes in England, Wales and Northern Ireland. ...
Global super-rich agreeing to rent luxury London homes without visiting image
Source : Guardian [Read Article] Friday 18th of August 2017 02:39:09 PM
....The properties these people want could be valued at £30m or more. The stamp duty on that would be near £5m. ...
Could Stamp Duty actually be AXED? Calls to BAN hated tax grow as housing crisis worsens  image
....". He said the Government must slash the stamp duty "stealth tax" instead of profiteering at the expense of homeowners: "Unless we see a more comprehensive break for first-time buyers, the UK's legacy as a property-owning democracy is at risk. ...
REVEALED: House price hotspots - areas where values are BOOMING one year after Brexit vote image
.... "Mortgage lending volumes in June were at their highest level in 12 months and buyer demand is in rude health.  “That said, areas with a higher concentration of properties at the upper-end of the market, particularly parts of central London, have been hit hard by the changes to stamp duty and are experiencing sluggish or even negative price growth. ...
I'm buying a flat as I'm separating – can I reclaim the higher stamp duty? image
.... Things are strained between us and I have decided to buy a flat so I can move out. My solicitor mentioned that I would have to pay the 3% surcharge on stamp duty. ...
A tale of two housing markets: booming Burnley and stagnant Kensington image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:48 PM
....5m per property. But agents around London say the market has been weighed down by higher stamp duty rates, changes in tax on buy-to-let properties, and Brexit. ...
Pensioners moving to smaller homes should NOT have to pay Stamp Duty, Hammond told image
....More than one million older people could downsize if there was no levy, found YouGov research for homebuilder McCarthy & Stone. Dubbed a tax on moving, stamp duty is contributing to the housing crisis. ...
'Political uncertainty' blamed for slowdown in UK property market image
Source : Guardian [Read Article] Thursday 10th of August 2017 05:01:28 AM
....”. In Ipswich, David Knights of David Brown & Co said: “The election result and all the talk of Brexit has had a profound effect on the market, and with high stamp duty charges, sales as well as new instructions are now suffering. ...
‘Draconian’ Stamp Duty will trigger HUGE house price CRASH by stopping elderly downsizing image
....The levy has been dubbed a "tax on moving" and is part of the reason house sales have fallen off a cliff in recent months, according to experts. The prospect of paying thousands of pounds in stamp duty discourages people from moving and has steadily helped drain fluidity from the market. ...
Buy-to-let landlords: Five top tips that could save you THOUSANDS image
Source : Daily Express [Read Article] Wednesday 9th of August 2017 08:30:00 AM
Total UK wealth tops £10tn thanks to City and property boom image
Source : Guardian [Read Article] Monday 7th of August 2017 11:01:22 PM
.... However, this improvement in the jobs market has not, as yet, boosted wage growth, resulting in earnings rising at a slower rate than consumer prices,” he said. “This squeeze on spending power, together with the impact on property transactions of the stamp duty changes in 2016 now being realised, along with affordability concerns, appear to have contributed to weaker housing demand. ...
House prices fall for FOURTH quarter in a row but here’s why homeowners shouldn't panic  image
.... "However, this improvement in the jobs market has not, as yet, boosted wage growth, resulting in earnings rising at a slower rate than consumer prices. "This squeeze on spending power, together with the impact on property transactions of the stamp duty changes in 2016 now being realised, along with affordability concerns, appear to have contributed to weaker housing demand. ...
UK house price rises slow to four-year low, says Halifax image
Source : Guardian [Read Article] Monday 7th of August 2017 09:54:34 AM
.... “However, this improvement in the jobs market has not, as yet, boosted wage growth, resulting in earnings rising at a slower rate than consumer prices,” Galley added. “This squeeze on spending power, together with the impact on property transactions of the stamp duty changes in 2016 now being realised, along with affordability concerns, appear to have contributed to weaker housing demand. ...
Downsizing: The disadvantages of moving to a smaller home image
Source : Daily Express [Read Article] Sunday 6th of August 2017 10:41:00 AM
....7 million older people are either considering downsizing, or say they would do so if they were given a tax break as an incentive, according to new research from retirement home builder McCarthy & Stone. Many would like to see the over-65s granted a one-time stamp duty exemption when buying their new home, allowing them to hold onto more of the money raised rather than handing it to the taxman. ...
The Guardian view on Grenfell and the housing crisis: no more excuses | Editorial image
.... In Switzerland there is a limit of 20% on the amount of property in any one area that can be sold to foreigners. The UK has introduced changes to capital gains tax liability and higher stamp duty on expensive properties. ...
Foxtons blames economic uncertainty as profits plunge by 64% image
Source : Guardian [Read Article] Thursday 27th of July 2017 09:25:24 AM
....Sales revenue crashed 29% to £22. 2m in the period, with Foxtons saying the performance was set against a surge in the first quarter last year, when transactions were brought forward ahead of the stamp duty surcharge on buy-to-let investments and second homes. ...
How much do YOU pay in tax? Hardworking British families hit with £24k tax bill last year image
....Hardworking families are being taxed almost as much as the typical average salary and are hammered with a staggering number of levies. On top of income tax and national insurance, households are hit with council tax, fuel duty, VAT, as well as stamp duty, fuel duty and inheritance tax. ...
While Hammond looks for a magic money tree, Labour has found one | Larry Elliott image
....Persaud’s starting point is that Britain already has a financial transaction tax, and has had one for more than 300 years. It is called stamp duty, which is levied on the purchase of shares issued by British companies, and raises just over £3bn a year, half of it from citizens of other countries. ...
Secure your worldly wealth: Tips to make sure you pass your wealth to the right person image
....Another option is to buy the property together, but this can backfire taxwise, he warns:. “If your name is on the property title it may be treated as a second home purchase, which means you incur the 3 per cent stamp duty surcharge, and may be liable to pay capital gains tax (CGT) on any sale profit. ...
REVEALED: The surprise area in Britain seeing bumper house price rises of 7.5% image
....6 per cent. Experts say the capital has been hardest hit by changes to stamp duty and buy-to-let tax changes. ...
UK house prices rise nearly 5% despite political turmoil image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:05:46 PM
....”. The number of homes sold in the UK slumped 41% year-on-year in March, largely because the March 2016 figure was boosted by buyers rushing to complete before stamp duty changes the following month, the ONS said. ...
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
....7% this year, with the previous property hot spot, London, receiving most of the backwash from the Brexit result. The London property market had been hit most by economic and policy uncertainty and the recent changes to stamp duty, the consultancy said. ...
Let buyers borrow more on greener homes, urges report image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
.... Well-insulated homes would eventually sell more quickly and command a modest price premium. The idea is the latest in a string of mooted incentives to encourage people to insulate their homes and nudge buyers towards greener properties, such as a discount on stamp duty for energy efficient homes. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
....Given it would be political death to include the family home in the assets test for the pension, this could lead to a double whammy in aged care/welfare spending of not just an ageing population but an ageing population that rents. The exclusion of the family home from the assets test, and the continual use of stamp duty as a state revenue measure, also leads to undersupply of housing as recently noted by Hal Pawson, the associate director of the City Futures Research Centre at the University of New South Wales. ...
What Brexit slowdown? UK housing market shrugs off concerns as property prices creep up image
....4 per cent. It should be noted, however, that the first six months of last year saw boosted numbers as buyers rushed to beat the April 2016 stamp duty deadline. ...
UK housing market shrugs off concerns of Brexit slowdown image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
....Meanwhile, cumulative sales agreed during 2017 are almost on a par with the same period in 2016, down by 0. 4%, even though the first six months of last year was boosted by the rush to beat the April 2016 stamp duty deadline, the survey added. ...
Is paying off the mortgage a better bet than saving? image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:00:00 AM
....To do this you need to know how much rent you could get each year and then subtract costs such as mortgage repayments (you’re unlikely to be able to buy a property outright), maintenance costs and possible agent’s fees. Divide this figure by your buying costs – including your cash deposit, legal fees and the higher rate of stamp duty land tax that you pay on buy-to-let properties – and multiply the result by 100 to get the percentage yield. ...
House price pick-up allays fears of property market crash image
Source : Daily Express [Read Article] Sunday 9th of July 2017 03:37:00 PM
....Simon Checkley, managing director at mortgage broker Private Finance, expects London prices to stay flat this year, with moderate growth elsewhere. He blames the slowdown on former chancellor George Osborne’s move to hike stamp duty on £1 million-plus properties, rather than economic fears: “This has dampened prices and incentives to move at the upper end of the market, resulting in a lack of supply at lower levels. ...
Brexit hitting house prices is A MYTH: THIS is the real issue, says top estate agent image
....The estate agent has seen home hunters from across Asia and the Middle East flocking to scoop up property amid the weaker pound, cancelling out a pause among European buyers. It is hefty stamp duty rates at the top end of the market that are in fact taking the wind out of home values, according to Mr Whittome. ...
UK house price fall takes annual growth rate to slowest in four years image
....“Although employment levels continue to rise, household finances face increasing pressure as consumer prices grow faster than wages,” he said. “This, combined with the new stamp duty on buy to let and second homes in 2016, appears to have weakened housing demand in recent months. ...
Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson image
.... In its most uncontrolled phase, buy-to-let speculators drove prices up sharply as their tax-advantaged money outbid traditional first-time buyers. But a welcome string of reforms – higher stamp duty, taxes and strict new affordability tests – have knocked the stuffing out of buy-to-let. ...
Trouble in the Dales as holiday homes become the new buy-to-let image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
.... And when you come to sell it you can qualify for a whole range of reliefs that mean any capital gains tax is minimised. About the only tax barrier for investors is the 3% additional stamp duty that applies to any second home purchase. ...
Should we use the London help-to-buy scheme to purchase a home? image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:00:15 AM
....The minimum amount of cash you must put towards a help-to-buy purchase is 5% of the property price, but you don’t have to stick to the minimum or take out the maximum 40% equity loan. After allowing for the £20,000 in stamp duty that you would have to pay on a £600,000 property, plus around £2,000 in fees, and keeping some savings back for emergencies, you could, for example, put £60,000 down as a deposit (which would be 10% of the purchase price) and take out a smaller equity loan. ...
London house price growth slows as rest of UK bounces back image
Source : Guardian [Read Article] Wednesday 28th of June 2017 09:37:05 AM
....”. Gardner said a number of factors might explain the sharp slowdown in London, including a stretch in affordability and weaker demand for buy-to-let properties because of higher stamp duty charges. ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
....”. Mark Harris, chief executive of mortgage broker SPF Private Clients, said it was no surprise that buy-to-let lending had been subdued, as the sector was still coming to terms with various changes, such as the reduction in mortgage interest tax relief, tougher lender criteria and the 3% hike in stamp duty that took effect in April 2016. ...
Will I be taxed if I sell my house, which I rented out, and buy a new one to live in? image
.... Would I be liable for any tax, doing this? TA. A If the house you end up buying costs more than £125,000, you will definitely have to pay stamp duty land tax (SDLT) and you can work out exactly how much using our handy SDLT calculator. ...
House sales have fallen by nearly a third in some parts of UK, says Lloyds image
. High prices and hefty stamp duty bills have resulted in a near one-third drop in house moves in some parts of the country over the past year, according to research by Lloyds Bank. ...
Why the political uncertainty won't shake house price foundations   image
Source : Daily Express [Read Article] Sunday 18th of June 2017 09:46:00 AM
....Taimur Khan, senior analyst at Knight Frank, says politicians have made more than 20 changes to property taxation, either direct or indirect, since 2010. “The latest example was in April 2016, when the Government levied a 3 per cent stamp duty surcharge on second home and investment purchases. ...
Tesco says price rises are last resort as UK growth hits seven-year high image
....63m he pocketed the previous year after Tesco failed to meet all of the targets linked to his bonus. The company’s annual report also revealed it had paid £142,000 in stamp duty and legal fees to help Lewis buy a house closer to its headquarters in Hertfordshire. ...
More than half of Morrisons investors rebel over executive pay image
Source : Guardian [Read Article] Thursday 15th of June 2017 06:21:25 PM
....63m in the previous year, after the retailer failed to hit all targets attached to his bonus. But Tesco’s annual report also revealed it had paid £142,000 in stamp duty and legal fees to help Lewis buy a house closer to its headquarters in Hertfordshire. ...
Duke of Westminster's property group to build 1,500 rental homes in London image
.... It recently reported a steep fall in returns on its British and Irish property portfolio, its worst UK performance since the financial crisis. It blamed Brexit and the increase in stamp duty on luxury properties. ...
House sales in Greater London slump by almost a third in a year image
Source : Guardian [Read Article] Monday 12th of June 2017 06:01:18 AM
. The number of homes changing hands in London slumped by almost a third year on year in the spring, as changes to stamp duty rates, high prices and Brexit uncertainty slowed the market. ...
Quarter of households in UK will rent privately by end of 2021, says report image
.... Tenants also pay hundreds of pounds in letting fees every time they move. Buy-to-let landlords have dominated the market in recent years, but in the past year the introduction of extra stamp duty on second homes and the curbing of mortgage interest reliefs have prompted a number of private landlords to sell up. ...
Election 2017: Hung parliament and coalition means more house prices turmoil, warn experts image
...."If there is one message that has come out of this election, it is that the young have voted overwhelmingly for change. "Politicians will have to consider the needs of the young more than they have in the past which could mean more help for first-time buyers, perhaps extending Help to Buy so that it covers older properties as well as new build, dealing with affordability issues and more help on stamp duty. ...
Will we pay higher stamp duty as my girlfriend has inherited property? image
.... We currently rent a one-bedroom flat and are in the process of purchasing a new-build property in Acton, west London. As the legal side of our new-build purchase has developed, we have been shocked to learn that we will have to pay the 3% stamp duty surcharge. ...
Further signs of UK property slowdown in April image
Source : BBC [Read Article] Tuesday 23rd of May 2017 10:32:02 AM
....But the figures are skewed by a series of tax changes this year and last. In April 2016, landlords became liable for a higher rate of stamp duty. ...
Buy-to-let slump after stamp duty change image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:57:25 AM
. Mortgage activity in the UK buy-to-let sector has halved since the introduction of a stamp duty surcharge, figures show. ...
Is Labour's manifesto living in fantasy land? Quite the opposite | Larry Elliott image
.... The employers who whinge constantly about the poor quality of school leavers and graduates will be asked to contribute more to the education budget through higher corporation tax. Labour plans to broaden stamp duty to a wider range of financial instruments, including derivatives, which will raise £5bn and help lessen volatility. ...
How to build your grand design for a humble price image
Source : Guardian [Read Article] Sunday 14th of May 2017 06:00:08 AM
.... This means buyers work with a designer on the look, size, layout and features of the house, but without the hassle of finding land, getting planning permission and hiring reputable architects and builders. Buyers can save on build costs and don’t pay stamp duty, except on land worth more than £150,000. ...
May to appeal to low-paid voters with new social housing pledge image
Source : Guardian [Read Article] Saturday 13th of May 2017 09:00:05 PM
....Labour said it will extend the current tax of 0. 5% per transaction that is applied to ordinary shares through the stamp duty reserve tax. ...
Buy-to-let landlords suffering tax increases plan to raise rents  image
Source : Daily Express [Read Article] Saturday 13th of May 2017 05:27:00 PM
.... Buy-to-let owners have also been restricted for tax relief claims on wear and tear. Furthermore, second home buyers must now pay additional stamp duty. ...
Tesco boss's bonus cut despite first sales growth in seven years image
Source : Guardian [Read Article] Friday 12th of May 2017 07:21:20 AM
....6m in 2015-16. The annual report also revealed that Tesco paid £142,000 in stamp duty and legal fees to help Lewis buy a house closer to the company’s headquarters in Hertfordshire. ...
'Stagnant' buyer demand puts the brakes on UK housing market image
Source : Guardian [Read Article] Wednesday 10th of May 2017 11:01:33 PM
....The Rics members surveyed predicted that UK property price inflation would slow during the next three months, but despite this, they were anticipating that all parts of the country would see some growth in prices during the next 12 months. “Anecdotal evidence cites a lack of choice, uncertainty due to the calling of an early election, and the ramifications of stamp duty changes as factors hampering activity,” said the organisation. ...
London rents fall for first time since 2009 amid post-Brexit vote slowdown image
.... In a bid to kickstart sales, developers are offering ever more extravagant incentives to lure buyers. One developer in north London has promised a £150,000 payment to cover stamp duty, an £18,000 electric car and free iPads to buyers willing to part with £1. ...
Bank of Mum and Dad is a major financial player - but could it be about to go bust? image
....Barclays, Hinckley & Rugby, Metro Bank, and Bank of Ireland help by allowing parent and child to take out a mortgage in joint names. He adds: “The property title will only be in the child’s name, as otherwise the parent could be liable for a stamp duty surcharge and capital gains tax when the property is sold. ...
House price CRASH: Top London home values plunge lower in April image
Source : Daily Express [Read Article] Saturday 6th of May 2017 11:58:00 AM
....Between 2009 and 2013 price rises in wealthy London areas rocketed, hitting a peak in 2015. Experts blame changes to stamp duty for collapsing the top of the market, after an extra duty on sales of second homes was introduced last year. ...
Buy a home, get a car free: offers galore as London estate agents struggle to sell image
. London estate agents have begun to offer free cars worth £18,000, stamp duty subsidies of £150,000, plus free iPads and Sonos sound systems to kickstart sales in the capital’s increasingly moribund property market. ...
Parents '10th biggest mortgage lender' image
Source : BBC [Read Article] Tuesday 2nd of May 2017 09:52:41 AM
....When they found a property, their parents still helped them with thousands of pounds. "The real difficult hurdle was not necessarily the deposit, but the stamp duty, which is a huge cost," he said. ...
London rents fall sharply as monthly bill drops across UK image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
....The figures broadly tally with data from Countrywide, the UK’s biggest estate and lettings agency, which said in March that rents in Britain recorded their first annual drop for six years. Countrywide said the buying frenzy ahead of the hike in stamp duty last year pushed up the supply of new homes for letting by 10%, but tenant demand has been falling, particularly in London, possibly as a result of Brexit. ...
As first-time buyers, can we take out a buy-to-let mortgage? image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:00:09 AM
.... Having looked on Rightmove, it seems that even in the expensive city of Oxford, there are plenty of two-bedroom houses for sale for less than £280,000. But wherever you choose to buy, you’ll also need to factor in the costs of buying such as legal fees, stamp duty and furnishing the property. ...
Santander chief warns on 'changeable' UK economy image
Source : BBC [Read Article] Wednesday 26th of April 2017 10:31:49 AM
....Santander UK's mortgage lending fell after withdrawing cheaper deals in the previous three-month period. First-quarter figures a year earlier were also flattered by a flurry of buy-to-let borrowers aiming to beat April's stamp duty increase for second homes. ...
Duke of Westminster's £12bn property firm hit by London slump image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:42 PM
.... It is the company’s worst UK performance since the 2008 financial crisis and follows six successive years of returns above 10%. Mark Preston, chief executive of Grosvenor Group, said Brexit and the increase in stamp duty on luxury properties had “greatly contributed to a slowdown in the London residential market” and warned that he expected returns this year to be “significantly weaker”. ...
Asking prices for homes rise to record average of £313,655 image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
....Last year, the chancellor gave a year’s notice of phased reductions in tax benefits for buy-let-investors. First-time buyers appear to have been the main beneficiary, though a higher rate of stamp duty on second homes, which came into effect this month, also had the effect of spurring sales to people from purchasing an additional property. ...

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